29 Pips and 1.5% Return from the EURO USD. Took advantage of EURO weakness over the last few days as it forms Consolidation on Daily Chart and headed to Support. The signal to start selliing it was the Evening Star Bearish Candlestick Signal. The trade shows how to trade the early trends that form Consolidations instead of waiting until they are formed to then trade between Resistance & Support.

Recall that my analysis and trade signals are taken from FXCM Charts (clear, easier to use), but my Live Trades are done with FXPRO (1. You Can see exact Risk Reward in Percentages to ensure you keep within your Risk/Reward Parameters. 2. You Receive Alerts when trades are closed so you dont have to monitor the trade).

So a good trade that shows how to spot and trade Consolidation Setups on the Larger Charts using Accurate Candlestick Signals.

100 Pips and 4.16% Return on NZD JPY pushes Live Account Return up to 24% since the new Methodology began in February this year. With this result, only 2 trades are needed to hit the 30% Target and half way to the 48% Target. (Targets assume a 7% Monthly Return Compounded. FXCM DEMO Account Charts used for Analysis and Signals. Trades are then done both on this Demo and my Live Trading A/C with FXPRO)

Here is the Video Analysis & Summary of this great trade which gave 100 Pips & 4.2% Return on NZD JPY.

This is how we can become Profitable Forex Traders in this Trillion Dollar Market. Once we use Japanese Candlestick Signals, Trend Lines and Consolidation Setups on the Daily and 4 H Charts, becomes easy to spot and accurately identify market direction & High Probability Trades

Another trade here on my Live Account. GBP USD 42 Pips and a 2.0% Return. Took advantage of the downtrend over the last few days as it headed to Support as projected. 30% Return should be just 2 trades away. FXCM Charts are used for analysis, FXPRO used for my Live Trades.

Here is the video describing the main technical factors that supported this GBP USD 42 PIP trade on the Daily anf 4 Hour Charts, proving once again the benefit of using Candlestick Signals and Larger Charts instead of the deadly and complicated Indicatiors and the Lower Time Frames.

It also goes into detail about the Methodology that I use and why you should NEVER MONITOR YOUR TRADES!!

MAIN ASPECTS/LESSONS FROM VIDEO

How to Spot the Formation of Consolidation Setups.

The 4 Main Forms of Consolidation Setups traded.

The 3 Main Trade Setups traded as part of my Methodology.

Why I no longer trade/recommend Consolidation Breakouts.

Double Tops as Entry Signals that also start Downtrends.

The use of Counter Trend Line Breaks for Entries in Trends.

How to use Trend Lines for Stop Loss Placement on the 4 Hour Chart.

The importance of Never Monitoring your trades to avoid Self-Sabotaging your Long-Term Gains!

This aggressive trade on AUD USD today shows how to trade Consolidation Breakouts ahead of market reversals. The width of the Consolidation predicts the Breakout distance of these Setups & helps you accurately set your trading targets with greater confidence for maximum results.

Take a look at these Daily Chart Forecasts and compare them to what you see now on your Trading Platforms. Lets see how much money we can get from them this week as they head towards their Support & Resistance Targets.

Check out another trade made on the AUD USD last week as we took advantage of the False Consolidation Breakout on the Daily Chart of this Pair. (Video to follow).

This reprensented a Rate of Return of 3.82% on my Live Account and depending on the level of Risk that the traders I help use, it would have represented a Return of between 2% and 5% on their trading accounts.

This trade also followed the CAD JPY trade we captured of 50 Pips that we got earlier that week, which represented an even larger 4.98% Return on my Account.

These are the types of Return Targets Per Trade that you should aim for as they will allow you to achieve significant Return Targets over both the Short-Term and Long-Term…

What we did was to trade the Pair Short at the Bearish Engulfing Candlestick Formation on the Daily Chart as it continued the False Consolidation Breakout Reversal that was taking place. This Downtrend was projected to be part of the formation of a large Pennant Consolidation Setup.

False Breakouts are one of several setups and Chart Patterns that start trends and usually move quickly. The breakout will fail at one end (in this case Resistance) and then start the breakout at the other end. Signals such as Bearish Engulfing Candlestick Signals allow us to take advantage of these trends.

Once this was seen, an Entry Setup was opened using the 4 Hour Chart. The Stop Loss was placed above the Downtrendline to protect the trade with the target set for an area just above the 0.7020 Support Price.

As you can see…the Stop Loss was not affected by the temporary pullback that took place. This was because it was placed far enough away from entry and above the Downtrend Line - an area that usually protects your trades once it is strong enough and on the Larger Time Frames…

So this was another example of how False Breakouts can be traded. Once it is clear and the Signals and Setups supporting them are strong and clear enough, they can be traded for strong gains every time.

It was also another example of the Aggressive Strategy now being used. Most trades are 50 to 70 Pips over 24 Hours…but sometimes 48 Hours are used to capture larger targets.